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| Alias Born | 09/15/2002 |
Friday, October 24, 2008 11:55:05 AM
Look, you guys. THIS IS THE REAL PROBLEM. Since the revocation of Glass Steagall, banks are in Business. They don't need to lend money to you or buy stocks to make 5%.
They are busy doing golf/housing development with taxpayer insured money.
You buy 600 acres of dessert at $500 an acre. You waste 160 acres on the golf course, 140 acres on open space and off sites (roads). That leaves 300 acres buildable. You divide each acre into 5 8000 square foot lots, sell the lots for 100,000 apiece and Pocket 150 MILLION dollars. In addition you pocket the profit on building the house, and the profit on making the home loan. Another 150 Million dollars.
DO YOU REALLY THINK THEY ARE GOING TO LEND YOU MONEY OR BUY INTEL AT A 5% RATE OF RETURN?
What your buddies did in Congress is put the banks in competition with the American people.
They are busy doing golf/housing development with taxpayer insured money.
You buy 600 acres of dessert at $500 an acre. You waste 160 acres on the golf course, 140 acres on open space and off sites (roads). That leaves 300 acres buildable. You divide each acre into 5 8000 square foot lots, sell the lots for 100,000 apiece and Pocket 150 MILLION dollars. In addition you pocket the profit on building the house, and the profit on making the home loan. Another 150 Million dollars.
DO YOU REALLY THINK THEY ARE GOING TO LEND YOU MONEY OR BUY INTEL AT A 5% RATE OF RETURN?
What your buddies did in Congress is put the banks in competition with the American people.
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